PERKS COMPENSATION

There are several perks associated with working with the biggest bank in India. One of the most attractive features is the best-in-class entry-level compensation package that we offer to probationary officers. We offer the highest entry-level compensation in the banking industry.

The total compensation per annum for a Probationary Officer would be a minimum of Rs. 7.55 lacs and a maximum of Rs. 12.93 lacs depending on the place of posting and other factors. This includes leased rental accommodation, conveyance allowance, etc.

HOUSING

The compensation includes housing rent allowance or leased rental accommodation where the employees get housing rent as a part of their package. This becomes more prominent as the employee moves up the career ladder. Bank also provides accommodation at certain places for the Clerical Staff.

MEDICAL BENEFITS

The Health and well-being of our employees and their families are important to us and we take care of your medical expenses. Medical benefits (100% for the employee and 75% for the dependent family) form a key component of the overall package. The Bank also provides group insurance over and above the compensation package.

LEAVE POLICY

You are provided with attractive leave policies, which include 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave. Women and single men with children or aged parents have the provision to take a sabbatical leave of up to 2 years.

TRAVEL

The employees get leave travel concession to visit places within India. Holiday homes and Bank guest houses are available for employees in major cities and tourist destinations.

OTHER BENEFITS

As employees, the Bank provides Housing loans, Car Loans & Personal Loans at a concessionary rate of interest. Also, the bank recognizes and promotes merit by providing scholarships to the meritorious children of all employees. Pension by the bank helps the employee lead a comfortable life post-retirement.

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